Trade log: US HRC – Nov 23-25, 2020

Fastmarkets publishes trade logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.

Fastmarkets’ daily steel hot-rolled coil index, fob mill US was calculated in a range of $38.80-$39.08 per hundredweight ($776-781.60 per short ton) for the three-day holiday week from Monday November 23 through Wednesday November 25. The weekly average was $38.96 per cwt, up by 6.2% from an average of $36.69 per cwt the previous week.

The index was based on the following inputs:

  • Offer at $41 per cwt
  • Deal at $38 for medium tons
  • Assessment at $38
  • Deal heard at $39.50
  • Assessment at $40
  • Assessment at $39
  • Assessment at $38.75
  • Offer at $41
  • Assessment at $37.25
  • Deal at $37 for small tons
  • Assessment at $39
  • Assessment at $40
  • Assessment at $41
  • Offer at $40

Fastmarkets specifies volumes under one of the following four categories:
Small: 50-499 tons
Medium: 500-1,999 tons
Large: 2,000-9,999 tons
Extra-large: 10,000 tons or more

Any data submitted under a Data Submitter Agreement will not be published. Fastmarkets uses its expert judgment to exclude outlying or unrepresentative numbers, and discounts or discards prices that it believes might otherwise be questionable and/or unreliable. Discarded inputs are not included in this trade log, but when inputs are discarded it is noted in the daily market report.

To provide feedback on this trade log or if you would like to provide price information by becoming a data submitter, please contact Grace Asenov at pricing@fastmarkets.com. Please add the subject heading: FAO: Grace Asenov, re: US HRC Index.

To see all Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.

What to read next
The US government will impose tariffs on steel and aluminium shipped from Mexico that were made elsewhere, in a bid to curb trans-shipment and excess production, the White House said in a statement on Wednesday July 10, a move widely applauded by the pair of metals industries
A new incentive program for companies with large investments in Argentina might unlock the country’s mining potential in the medium term, market participants recently told Fastmarkets
Domestic US magnesium production will be financially competitive in the future, even without the country’s long-standing anti-dumping tariffs on Chinese imports, according to the chief executive officer of a developing producer based in California
The United States-Mexico-Canada Agreement (USMCA) has positively affected the automotive sector in the four years since its implementation and automakers are increasingly investing in zero-emission and hybrid vehicles, according to the US Trade Representative (USTR)
Here are the key insights from our conversation with Fastmarkets’ Paul Lusty on the future of the battery raw materials and electric vehicle markets
Europe’s nascent synthetic graphite sector faces a double threat with China’s overcapacity persisting and US legislation embracing protectionism at the expense of a level playing field, according to the head of a forthcoming anode material producer in Europe